Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
Business
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Keita Takahashi Moves Out of Video-Game Box
Keita Takahashi moves his unbridled whimsy from Namco Bandai to Vancouver MMO gaming startup Tiny Speck.
Hyundai-Kia Passes Ford for Global No. 5 Spot
The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.
China Airline Stocks Soar on Government Plans
Airline stocks surge as China announces a five-year push to create two or three global competitors.
Terry Hsiao Pioneers Multimedia Mobile Messaging
If you use your smart phone to share music, videos and photos, you are probably a beneficiary of Terry Hsiao's pioneering work in mobile messaging.
China Foreign Exchange Reserves Hit $3.2 Tril.
China's world-leading foreign exchange reserves jumped 30.3 percent year-on-year to hit $3.1975 trillion.
China Claims Success in Fighting Pirated Goods
China is claiming success in its nine-month crackdown on product piracy leading to 3.43 billion yuan ($530 million) in intellectual property infringement cases.
China Growth Slowed to 9.6% for First Half
China's growth slowed to 9.5 percent in the second quarter from 9.7 percent in the first quarter to end the first half at 9.6 percent...
Beijing Office Rents on Pace to Surpass Shanghai
Beijing office property is becoming the most attractive real estate investment for domestic and multinational firms.
China's Working Population to Peak in 2013
China's shrinking working population is driving a push toward a better-paid, more efficient workforce.
Coca-Cola, KFC to Begin Business in N. Korea
North Korea has agreed to let Coca-Cola and Kentucky Fried Chicken (KFC) to open branches in Pyongyang.
Antony Young Named CEO of Mindshare N.A.
On October 1 Antony Young will become CEO of WPP's Mindshare North America.
Brandon Wey Creates Marketplace for First Dates
Brandon Wey offers men a way to get first dates with attractive women.
Exports to China Helps Keep U.S. Economy in Black
U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.
Vietnam Exports to Jump 38.5% in July
Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.
Kan Cao Reverses Rapid Aging
Kan Cao's study on an accelerated aging disease may lead to new ways to slow normal aging.
Virtual Grocery Stores Hit S. Korean Subways
South Korean supermarket chain Home Plus is letting commuters make use of transit time by covering subway walls with images of groceries.
China Inflation Rises Again to 6.4 Percent in June
China's consumer price jump of 6.4 percent in June is powered by a 14.4 percent food price jump.
China's Auto Exports Rise Amid Sluggish Home Sales
China's domestic carmakers make up for ground lost to foreign brands at home with big gains in exports to developing nations.
Samsung Profits Fall on Weak LCD, DRAM Prices
Samsung Electronics’ second quarter profits fell 26.2 percent from last year to 3.7 trillion won ($3.47 bil.)...
China Auto Sales Grow Again Amid Intense Competition
China passenger car sales erase fears of industry stagnation by recording 5.3% growth in the first half of 2011.
Japan Economic Index Shows Strong Rebound from Quake
Japan's index of leading economic indicators rose to 99.8 in May from 96.2 in April...
China Raises Interest Rates 3rd Time in 2011
China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...
China Expands Domination of Brazil's Trade
China is solidifying its position as Brazil's biggest investor and trading partner by expanding investments in the tech sector.
Hyundai-Kia Overtakes Toyota, Honda Globally
The Hyundai-Kia overtakes Toyota and Honda in global unit sales.
S. Korea Trade Volume to Pass $1 Trillion
S. Korea is on track to become a top-five trading nation by the end of 2011.
Subway Leads China Fast-Food Growth
Subway taps into the growth in China's urban office workers seeking a fast, healthy lunch.
Sales Surge for China's Top Developers
China's top 10 real estate developers boosted first-half sales 80 percent over last year to a total of 332.3 billion yuan...
Seoul Sees Boom in Conversions to Business Hotels
Six buildings in Seoul's Myeong-dong shopping and entertainment district are being converted into business hotels...
Chinese Take to Open Road in RVs
China is poised for growth in the adoption of recreational vehicles as more of China's drivers discover...
Expanded GM IPO May Set New World Record
Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million ...
Toyota Reports Record Losses
Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion) in the January-March quarter — a bigger loss than General Motors reported — resulting in its ...
World Stocks Continue Climbing on U.S. Jobless Data
European markets extended their rally Thursday following key interest rate decisions and ahead of the formal release of the results for the U.S. government’s stress ...
Oil Hits 6-Month High on Surging Optimism
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to ...
China's Geely Bids for GM's SAAB
Chinese automaker Geely Automobile Holdings said Thursday it is bidding for General Motors Corp.‘s Saab brand, a move that would boost the company’s ability to ...
Bank of America Shares Surge Ahead of Stress Test Results
Shares of Bank of America Corp. continued their rapid climb Thursday, hours ahead of the expected announcement of bank stress test results and following a ...
China Pledges Another Big Buying Spree in Europe
China promised Thursday to send its companies on new multibillion dollar spending sprees in Europe as it called on the bloc, its largest export market, ...
Stress Test Results Lift Cloud of Uncertainty
Government exams of the nation’s biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
Validity of Bank Stress Test Questioned
Some of the nation’s largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing ...
Hitachi Reports Worst Manufacturing Loss on Record
Japanese electronics maker Hitachi Ltd. said Thursday its loss for the fiscal year ended March will be bigger than its previous forecast, ballooning to 788 ...
Korean Air Losses Jump on Weak Won
Korean Air Lines Co. said Thursday its first quarter net loss widened as weakness in the South Korean won drove up costs denominated in dollars.
Bank Stress Test Results Ease Worries, Boost Wall Street
Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies.
IMF Projects 4.3% Growth for Asia in 2010 Recovery
Most Asian economies face a sharp contraction this year and a weak recovery in 2010 as global demand for the region’s exports struggles to rebound, ...
GM Plans 1-for-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 ...
Biotech Profitable at Last but Squeezed by Recession
The U.S. biotech industry became profitable as a whole for the first time in 2008, a new report says, but the global financial crisis has ...
Market Buoyant Despite Pending Bank Stress-Test Results
Banks will be told today how they did on their “stress tests” and informed of regulators’ final decisions on how much capital they need to ...
Oil Stays Above $54 on Recovery Hopes
Oil prices lingered above $54 a barrel Tuesday as growing investor optimism about a recovery in the global economy supported prices above a month-long trading ...
Asia Agrees on Need to Cut Exports, Boost Consumption
Cutting Asia’s reliance on exports for growth has taken on new urgency as the global economic crisis sends trade into a tailspin. But many economies ...
GM's China Sales Surge 50% to Monthly Record
General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for ...
IT Giants May Be Hit Hard by Obama's Overseas Profits Tax
President Barack Obama’s plan to impose U.S. taxes on corporate America’s overseas profits threatens to open a big crater in the financial statements of technology ...
Sanyo Reports Loss but Expects Profits This Year
Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small ...
Keita Takahashi Moves Out of Video-Game Box
Keita Takahashi moves his unbridled whimsy from Namco Bandai to Vancouver MMO gaming startup Tiny Speck.
Hyundai-Kia Passes Ford for Global No. 5 Spot
The Hyundai-Kia Automotive Group posted 1 15.9 percent gain in units sold for the first half of 2011 to move into fifth place.
China Airline Stocks Soar on Government Plans
Airline stocks surge as China announces a five-year push to create two or three global competitors.
Terry Hsiao Pioneers Multimedia Mobile Messaging
If you use your smart phone to share music, videos and photos, you are probably a beneficiary of Terry Hsiao's pioneering work in mobile messaging.
China Foreign Exchange Reserves Hit $3.2 Tril.
China's world-leading foreign exchange reserves jumped 30.3 percent year-on-year to hit $3.1975 trillion.
China Claims Success in Fighting Pirated Goods
China is claiming success in its nine-month crackdown on product piracy leading to 3.43 billion yuan ($530 million) in intellectual property infringement cases.
China Growth Slowed to 9.6% for First Half
China's growth slowed to 9.5 percent in the second quarter from 9.7 percent in the first quarter to end the first half at 9.6 percent...
Beijing Office Rents on Pace to Surpass Shanghai
Beijing office property is becoming the most attractive real estate investment for domestic and multinational firms.
China's Working Population to Peak in 2013
China's shrinking working population is driving a push toward a better-paid, more efficient workforce.
Coca-Cola, KFC to Begin Business in N. Korea
North Korea has agreed to let Coca-Cola and Kentucky Fried Chicken (KFC) to open branches in Pyongyang.
Antony Young Named CEO of Mindshare N.A.
On October 1 Antony Young will become CEO of WPP's Mindshare North America.
Brandon Wey Creates Marketplace for First Dates
Brandon Wey offers men a way to get first dates with attractive women.
Exports to China Helps Keep U.S. Economy in Black
U.S. GDP grew at an anemic 1.3 percent pace in the 2nd quarter thanks to a weak housing market and slowing consumer demand.
Vietnam Exports to Jump 38.5% in July
Vietnam will post $8.4 billion in exports in July on the strength of robust exports of food and commodities.
Kan Cao Reverses Rapid Aging
Kan Cao's study on an accelerated aging disease may lead to new ways to slow normal aging.
Virtual Grocery Stores Hit S. Korean Subways
South Korean supermarket chain Home Plus is letting commuters make use of transit time by covering subway walls with images of groceries.
China Inflation Rises Again to 6.4 Percent in June
China's consumer price jump of 6.4 percent in June is powered by a 14.4 percent food price jump.
China's Auto Exports Rise Amid Sluggish Home Sales
China's domestic carmakers make up for ground lost to foreign brands at home with big gains in exports to developing nations.
Samsung Profits Fall on Weak LCD, DRAM Prices
Samsung Electronics’ second quarter profits fell 26.2 percent from last year to 3.7 trillion won ($3.47 bil.)...
China Auto Sales Grow Again Amid Intense Competition
China passenger car sales erase fears of industry stagnation by recording 5.3% growth in the first half of 2011.
Japan Economic Index Shows Strong Rebound from Quake
Japan's index of leading economic indicators rose to 99.8 in May from 96.2 in April...
China Raises Interest Rates 3rd Time in 2011
China's central bank, the People's Bank of China (PBOC), is raising the benchmark one-year borrowing...
China Expands Domination of Brazil's Trade
China is solidifying its position as Brazil's biggest investor and trading partner by expanding investments in the tech sector.
Hyundai-Kia Overtakes Toyota, Honda Globally
The Hyundai-Kia overtakes Toyota and Honda in global unit sales.
S. Korea Trade Volume to Pass $1 Trillion
S. Korea is on track to become a top-five trading nation by the end of 2011.
Subway Leads China Fast-Food Growth
Subway taps into the growth in China's urban office workers seeking a fast, healthy lunch.
Sales Surge for China's Top Developers
China's top 10 real estate developers boosted first-half sales 80 percent over last year to a total of 332.3 billion yuan...
Seoul Sees Boom in Conversions to Business Hotels
Six buildings in Seoul's Myeong-dong shopping and entertainment district are being converted into business hotels...
Chinese Take to Open Road in RVs
China is poised for growth in the adoption of recreational vehicles as more of China's drivers discover...
Expanded GM IPO May Set New World Record
Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million ...
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